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Lubrizol’s Earnings Rise on Strong Additives Segment
11:54 AM MST | February 8, 2008 | CW Editorial Staff
Lubrizol reported fourth-quarter net income from continuing operations of $59.7 million, compared to earnings from continuing operations of $21.4 million in the year-ago period. Sales rose 16%, to $1.15 billion. The company’s additives segment posted operating income up 24%, to $87 million, on sales up 21%, to $767. Lubrizol cites strong market demand in Europe, Asia-Pacific, and Latin America, as well as new product introductions and business gains. Lubrizol’s advanced materials segment posted operating income of $22 million, a 10% decline over the...
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